B&G Foods, Inc’s recently made public that its Director SHERRILL STEPHEN acquired Company’s shares for reported $1.07 million on May 13 ’24. In the deal valued at $8.59 per share,125,000 shares were bought. As a result of this transaction, SHERRILL STEPHEN now holds 270,136 shares worth roughly $2.23 million.
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Then, Lerner Scott E bought 11,755 shares, generating $99,979 in total proceeds. Upon buying the shares at $8.51, the EVP & GENERAL COUNSEL now owns 189,144 shares.
Before that, Wacha Bruce C bought 5,200 shares. B&G Foods, Inc shares valued at $44,667 were divested by the EVP OF FINANCE & CFO at a price of $8.59 per share. As a result of the transaction, Wacha Bruce C now holds 91,328 shares, worth roughly $0.75 million.
Piper Sandler upgraded its B&G Foods, Inc [BGS] rating to a Neutral from a an Underweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early October from “a Neutral” to “an Underweight”. TD Cowen began covering BGS with “an Underperform” recommendation on September 13, 2023. Consumer Edge Research revised its rating on December 01, 2022. It rated BGS as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of BGS
On Friday, B&G Foods, Inc [NYSE:BGS] saw its stock fall -4.85% to $8.24. Over the last five days, the stock has lost -3.74%. B&G Foods, Inc shares have fallen nearly -21.52% since the year began. Nevertheless, the stocks have fallen -36.32% over the past one year. While a 52-week high of $13.15 was reached on 03/01/24, a 52-week low of $7.20 was recorded on 07/09/24. SMA at 50 days reached $8.48, while 200 days put it at $9.74. A total of 1.17 million shares were traded, compared to the trading of 1.04 million shares in the previous session.
Levels Of Support And Resistance For BGS Stock
The 24-hour chart illustrates a support level at 8.01, which if violated will result in even more drops to 7.78. On the upside, there is a resistance level at 8.54. A further resistance level may holdings at 8.84. The Relative Strength Index (RSI) on the 14-day chart is 45.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.92%. Stochastics%K at 54.69% indicates the stock is a holding.
